Limiting tax deductions for residential investment properties

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Running Time: 8:04

Date: 01/10/2017

Claiming a tax deduction on travel expenses when visiting your residential investment property is no longer possible.

New legislation introduced in September this year has imposed serious limitations on what residential property owners can claim in the way of tax deductions, says tax expert Michael Jones of Cummings Flavel McCormack. And it's not just travel deductions, as Michael explains what you need to know.

Michael Jones, Cummings Flavel McCormack